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Design Capital Ltd (1545) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$280M

DC Design Capital Ltd 1545 · HK
PriceHK$0.1590
Fair ValueHK$0.0900
Upside-43.4%
Quality63/100
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Weak Growth
Loss-making · -3.4% net margin
Low debt · generates free cash flow
Trails peers (3/12)
Narrow moat 17/100
Evidence: Medium Range HK$0.0700 – HK$0.1100 Share as image

Fair value as of: Aug 13, 2026

From 11 valuation models · updated 3 days ago

Share price +22.3% over the past month.

A solid business, but screening 43% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (HK$0.1100). The favourable scenario is already priced in.
  • Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

HK$0.1650 HK$0.0580 Fair Value HK$0.0900 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range HK$0.0580 – HK$0.1650 · fair‑value band HK$0.0700 – HK$0.1100 · the HK$0.1590 price screens above the HK$0.0900 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Design Capital Ltd (1545) currently trades at HK$0.1590, while our model-based Fair Value estimate is HK$0.0900, implying the stock looks roughly 43.4% overvalued today. The Quality Score stands at 63/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Design Capital Ltd generated revenue of HK$51.1M at a net margin of -3.4%. Revenue declined 8.0% year over year. It earns a return on equity of -2.3%. The balance sheet holds a net cash position of HK$26.1M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.0700 (bear case) to HK$0.1100 (bull case); at HK$0.1590, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 165% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -20% fair-value upside, at -43%, 1545 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF HK$0.0500 HK$0.0600 HK$0.0800 80
Rev-Margin DCF HK$0.0500 HK$0.0600 HK$0.0700 74
EV/EBITDA HK$0.0300 HK$0.0300 HK$0.0400 54
All 11 models by family
DCF Models
FCF DCF HK$0.0500 HK$0.0600 HK$0.0800 38
Owner Earnings HK$0.0300 HK$0.0300 HK$0.0300 31
5Y Revenue Exit HK$0.0500 HK$0.0500 HK$0.0700 39
5Y EBITDA Exit HK$0.0400 HK$0.0400 HK$0.0500 41
10Y Revenue Exit HK$0.0500 HK$0.0500 HK$0.0600 36
10Y EBITDA Exit HK$0.0500 HK$0.0500 HK$0.0500 37
Multiples
EV/EBITDA HK$0.0300 HK$0.0300 HK$0.0400 54
EV/Revenue HK$0.0400 HK$0.0500 HK$0.0600 43
Asset-Based
NCAV (Graham) HK$0.0100 HK$0.0200 HK$0.0300 50
Growth DCF
Growth DCF HK$0.0500 HK$0.0600 HK$0.0800 80
Rev-Margin DCF HK$0.0500 HK$0.0600 HK$0.0700 74

Widest divergence: Growth DCF (HK$0.0600) versus Asset-Based (HK$0.0200). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$51.1M
Revenue growth (YoY) -8.0%
Net margin -3.4%
Return on equity -2.3%
Free cash flow HK$9.6M FY2025
Operating margin 2.1%
More key figures
EPS growth (YoY) +888%
Net cash HK$26.1M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 67 · Market factors (momentum, volatility) 82

Profitability 20
Margins and returns on capital today
Quality Growth 20
Are margins and returns improving?
Cashflow 83
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 92
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Design Capital Limited, an investment holding company, engages in the furniture business across Singapore, the United States, and Malaysia. It operates through Interior Design, Furniture Sales, and U.S. Furniture Sales segments.

Full company description

Design Capital Limited, an investment holding company, engages in the furniture business across Singapore, the United States, and Malaysia. It operates through Interior Design, Furniture Sales, and U.S. Furniture Sales segments. The Interior Design segment provides interior design and fitting-out services for homes, offices, and commercial projects, as well as supplies and installs custom-made furniture. Its Furniture Sales segment focuses on the sale of furniture and managing projects; operation of furniture retail shops under the Marquis, Lifestorey, and OM brand names in Singapore; and supply of furniture to both individual and corporate customers. The U.S. Furniture Sales segment engages in the online sale of furniture in the U.S. market featuring brands, such as Target Marketing Systems, TMS, Simple Living, and Lifestorey. The company also procures furniture. Design Capital Limited was founded in 1981 and is headquartered in Singapore.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Design Capital Ltd reported revenue of HK$51.1M in FY2025 versus HK$89.2M in FY2021, a compound −13.0%/yr. Reported net income was −HK$1.7M in FY2025.

Growth Quality 23/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$51.1M
Latest YoY
−17.3%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−19.1%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−14.9%
Avg. growth/yr (9Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−6.1%
Revenue −13.0%/yr
FY21 HK$89.2M
FY22 HK$96.5M
FY23 HK$89.5M
FY24 HK$61.8M
FY25 HK$51.1M
Net income
FY21 HK$4.8M
FY22 HK$4.5M
FY23 HK$2.9M
FY24 HK$321K
FY25 −HK$1.7M

1545 screens 43% overvalued. Compare with Alimentation Couche-Tard Inc →

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Cite: Fair Value Calculator (2026). "Design Capital Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1545

Peer Group

Specialty Retail · 223 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 63 · Above median
Fair Value upside −43% · Bottom 25%
Return on assets -2% · Bottom 25%
Net margin (TTM) -3% · Bottom 25%
Operating margin (TTM) 2% · Below median
Revenue growth -8% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Specialty Retail median · lower = cheaper

P/B 0.71× · Cheaper than 75% of peers
P/S (TTM) 0.70× · Pricier than median
P/FCF 3.7× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 29
FUTURE 0 · sector 23
PAST 0 · sector 26
HEALTH 100 · sector 94
DIVIDEND 0 · sector 58

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Retail stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Alimentation Couche-Tard Inc ATD C$93.19 C$75.00 -20%
Casey's General Stores, Inc CASY $839.03 $398.90 -52%
Williams-Sonoma, Inc WSM $245.15 $162.63 -34%
Ulta Beauty, Inc ULTA $531.89 $475.40 -11%
DICK'S Sporting Goods, Inc DKS $202.66 $181.10 -11%
Best Buy Co BBY $83.00 $108.04 +30%
China Tourism Group 601888 ¥54.97 ¥40.40 -27%
Tractor Supply Company TSCO $36.43 $35.52 -2%
Murphy USA Inc MUSA $544.22 $423.35 -22%
Taiwan Mobile Co 3045 109.50 TWD 80.98 TWD -26%

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Frequently asked questions

Is Design Capital Ltd (1545) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.0900 versus a price of HK$0.1590, about −43% (overvalued).
What is the fair value of 1545?
Our model-based fair value for Design Capital Ltd is HK$0.0900 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.1590.
What is the quality score of 1545?
Design Capital Ltd has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Design Capital Ltd (1545)?
Design Capital Ltd reported trailing-twelve-month revenue of about HK$51.1M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 1545?
The net profit margin of Design Capital Ltd is about -3.4%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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